Disney Considers Thousands of Job Cuts as Managers Seek 20% Cost Savings
Walt Disney is preparing a major cost-reduction drive that could result in thousands of layoffs. Managers have been instructed to identify ways to cut annual expenses by 20 percent. The restructuring comes as the company faces pressure in its streaming and theme park businesses. The report indicates the plans are still under consideration rather than finalized. The move reflects broader efforts by the entertainment giant to address ongoing financial challenges.
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